China’s economy grew at 9.1 per cent in the third quarter of 2011 – below
expectations, the slowest pace since 2009 and a clear indication that China
will not be able to “save the world” if the downturn in Europe the United
States becomes more severe, according to analysts.

Although the growth rate appeared robust, and should continue to generate
demand for commodities and imports, the GDP number clearly reflected
Government efforts to rein in inflation through curbs on lending.

Beijing’s targeting of inflation is based on concerns that runaway increases
in the cost of living will breed widespread public resentment